The New Wall Street and the High Cost of Manipulating Money
By George F. Gilder
This article appeared in the Spring 2017 issue of The Independent Review.
Banks used to help companies of all sectors and sizes, but the new Wall Street favors regulatory overreach, costly litigation, and financial volatility that paralyze Main Street and Silicon Valley. The transformation of American banking and finance arose from a regime of excessive financial regulation, which in turn has roots in the governments manipulation of money.